Long GAS | Potential Double Bottom formation at play _target $3
Updated
A famous trader called this the "Widow Maker" due to how volatile Natural gas tends to be. The weekly closed on 0% change, showing some base formation. A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. The 1st target is at the resistance line and offers swing traders a nice 36% before confirmation of setup.
Disclaimer| Position open
Disclaimer| Position open
Trade closed: target reached
Disclaimer
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